#United States #Ashcroft Capital #Winter Garden #Birchstone Waterleigh

Ashcroft Capital's New Addition: Birchstone Waterleigh

In a significant move, Ashcroft Capital has announced its recent acquisition of Birchstone Waterleigh, a luxurious garden-style residential community situated in Winter Garden, Florida. This strategic acquisition solidifies Ashcroft's presence in one of the fastest-growing regions in the United States, expanding their portfolio to include this pristine property, which consists of 300 upscale apartment homes.

The Birchstone Waterleigh, formerly known as Ascend Waterleigh Club, flaunts a range of high-end amenities aimed at elevating the living experience of its residents. From a resort-style saltwater pool to a well-equipped fitness center and exclusive coworking lounge, the community is designed with a focus on comfort and convenience. The property also features an enclosed dog park and comprehensive 24-hour emergency maintenance services—elements that are increasingly vital for today’s renters.

Located within the expansive 22,000-acre Horizon West development, Birchstone Waterleigh thrives in an area that promises limited competition due to specific planning restrictions. This advantageous positioning further enhances the attractiveness of the property, which is set to appeal to a growing demographic of renters looking for quality living in a prime location.

Frank Roessler, founder and CEO of Ashcroft Capital, expressed enthusiasm over the acquisition, stating, “Birchstone Waterleigh is a Class-A luxury community with high-end interior design and resort-like amenities. This acquisition signifies our relentless pursuit of top-tier properties and our bullish stance on the Orlando market, especially in Winter Garden.” He noted that the robust demand for rentals coupled with the constrained future supply makes this an ideal investment opportunity.

The residences within Birchstone Waterleigh vary in size, offering one, two, and three-bedroom options ranging from 782 to 1,563 square feet. Each home is equipped with modern conveniences, including stainless steel appliances, hardwood-style flooring, modern lighting fixtures, and ample storage space with walk-in closets. These features cater to the demands of contemporary living, further boosting the community's appeal.

Scott Lebenhart, Chief Investment Officer at Ashcroft Capital, highlighted the strategic benefits of acquiring this property. He suggested that the submarket’s low future supply due to its location within the Horizon West area would allow Birchstone Waterleigh to maintain its competitive edge. Additionally, the property's proximity to other Ashcroft communities enhances operational efficiencies and fosters economies of scale, crucial for maximizing returns on investment.

Birchstone Waterleigh also benefits from its location in a highly desirable school district, making it an attractive option for families. The lure of a top-notch education system plays a significant role in the decision-making process for many renters, thereby adding to the community's allure.

Stephen Quazzo, CEO of Pearlmark, which partnered in this acquisition, echoed similar sentiments regarding the prospective value of the Birchstone Waterleigh. He remarked, “This property represents a unique opportunity to acquire a high-quality, stabilized asset directly from the developer in the sought-after Horizon West master plan.” With its close proximity to renowned attractions such as Walt Disney World and numerous upscale schools, Birchstone Waterleigh is poised for growth and prosperity.

As part of Ashcroft’s strategy to rebrand acquired properties, Birchstone Waterleigh marks a new phase for the company as they continue to apply the “Birchstone” name to their luxury assets. This name change is part of a broader strategy to establish a cohesive brand identity across its multifamily properties.

Established in 2015, Ashcroft Capital has rapidly grown to manage approximately $2.9 billion in multifamily assets across more than 14,000 units, emphasizing a commitment to quality and tenant satisfaction. Their continued pursuit of growth in fast-developing markets such as Florida positions them favorably for future opportunities, signaling a commitment to enhancing living standards while delivering substantial returns for investors.

In conclusion, the acquisition of Birchstone Waterleigh not only expands Ashcroft Capital’s portfolio but also reinforces its commitment to supporting thriving communities in the Orlando area. With its luxurious offerings and ideal location, Birchstone Waterleigh stands as a prime example of the quality investments that Ashcroft Capital seeks to promote within the multifamily living sector.